The International Accounting Standards Board has worked to develop global accounting standards known as:
Posted: Sat Aug 07, 2021 7:01 am
A) Generally accepted accounting principles.
B) Globally accepted financial standards.
C) International financial reporting standards.
D) Generally accepted international financial standards.
Answer: C
Explanation: Global convergence of accounting standards is being facilitated by the adoption of
international financial reporting standards. These standards are developed by the International
Accounting Standards Board.
B) Globally accepted financial standards.
C) International financial reporting standards.
D) Generally accepted international financial standards.
Answer: C
Explanation: Global convergence of accounting standards is being facilitated by the adoption of
international financial reporting standards. These standards are developed by the International
Accounting Standards Board.